Farm Financial Management – Monroe (WI)
Monroe and Wisconsin farmers and agribusinesses face changing variables impacting the bottom line. Uncovering the best use of available acreage can be complicated by changing weather conditions, international competition, supply chain concerns, and changing market prices. Traditionally, many have relied on experience and intuition to make these decisions but increasing complexities have left some searching for a more analytical solution. The ability to run what-if scenarios using real-time data can lead to more profitable decisions. It also means leaving less to chance.
That’s why a farm financial management technology solution is an essential tool needed to drive growth. It makes it easier for Monroe and Wisconsin farmers of all sizes to profit more from their land than ever. Platforms like AgriBuilder bring new perspectives to the planning process through comprehensive budgeting, cash flow management, and timely financial reporting. Armed with this information, management will not only have a clear picture of monthly financial performance but also be able to conduct effective tax planning. Through a combination of financial intelligence, planning tools, and guidance from seasoned agriculture financial consultants, farmers reach a more consistent and profitable outcome.
AgriBuilder – Farm Financial Management Solution
Map of Green County (WI)
Monroe Farm Financial Management
Adams Brown, Strategic Allies, and CPAs work with ranchers, farmers, and other agribusinesses in Monroe and Wisconsin to enhance profitability. Through the implementation of AgriBuilder, many farmers and ranchers now have improved financial management processes leading to more profitable outcomes. They also have more effective and informed financial management processes that create peace of mind, knowing they have access to accurate information – faster – to drive better decision-making.
Farm Financial Management FAQs
- investing in crops and livestock,
- managing debt,
- maximizing profits and
- the pros and cons of loans and government programs.
AgriBuilder creates the most value for agricultural businesses by integrating:
- intuitive accounting software (Xero)
- seamless and actionable farm management software (Figured) and
- ongoing advice and support from seasoned agriculture financial consultants.
A robust farm accounting program helps farmers manage finances, expenses and income while seamlessly integrating with your farm management system. In addition to these necessities, your farm accounting software must help you streamline the process for annual tax filings. Check out these common signs that your accounting system is broken.
An effective farm accounting process delivers updated financial reports that empower decision making. There are three standard financial statements including the balance sheet, income statement and statement of cash flow. The balance sheet conveys details about the farm’s assets, liabilities and overall net worth. The income statement reports revenues and expenses over a specific period of time, and the cash flow statement highlights the movement of cash.
Adams Brown regularly reviews financial reports with agriculture clients to monitor operations, assess profitability, identify trends for planning and make informed decisions. Together, we also review:
- accounts payable and receivable,
- budget versus actual,
- break-even analysis,
- cost of production,
- crop gross margin,
- depreciation schedules,
- inventory breakdowns by field and/or crop
- market value balance sheet and
- tax projections.
A holistic approach to reviewing your financial and farm management data ensures your ability to make sound business decisions for your farm while planning for future initiatives, investments and goals.
Additional farm financial management insights:
While each farming operation faces unique and different challenges and opportunities, there are some general guidelines which can help improve cash flow. These include:
- timing large purchases with revenue cycles,
- ensuring a diverse source of income (for example, agritourism, integration of wind farms, leasing hunting ground),
- negotiation of payment amounts and terms with vendors/suppliers,
- leveraging lines of credit and
- maintaining an emergency fund.
Understanding your farm’s value is important for various reasons, ranging from financial planning to strategic decision-making. Whether you are buying, selling, planning your estate or evaluating operational success, knowing what your farm is worth can provide critical insights to help you achieve your goals. A thorough farm valuation will help you conclude the true value of your farm.
About Green County (WI) Farming
Green County, known for its rolling hills and fertile land, is particularly famous for its dairy production, earning it the title of the “Cheese Capital of the United States,” with local creameries producing world-class cheeses, including Swiss, cheddar, and Limburger. Its dairy farms, many of which are family-owned, contribute significantly to the state’s milk production. Corn and soybeans are also staple crops, thriving in the area’s nutrient-rich soils and temperate climate. Green County farmers embrace sustainable practices, rotating crops and integrating conservation methods to preserve soil health.
The region is home to small-scale vegetable farms, orchards, and livestock operations, including beef and pork production. In addition to traditional farming, Green County has seen growth in organic farming and artisanal food production, further diversifying its agricultural economy. The county’s strong farm-to-table movement connects local producers with markets, restaurants, and communities, supporting a vibrant rural lifestyle. With its agricultural fairs, farm tours, and cooperative networks, Green County is a proud symbol of Wisconsin’s farming heritage.